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Forbes: Morocco, Africa’s 5th best performing economy

Despite the health crisis, Morocco is ranked fifth this year in the list of best economies in Africa. This is what emerges from the Forbes Middle East 2021 ranking, compiled using data from the International Monetary Fund (IMF) and the World Bank.

For this year 2021, the IMF estimates the increase in Moroccan real GDP at 4.5%, after its contraction of 7% in 2020, because of the health crisis, recalls Forbes who estimates that Moroccan GDP must increase by 9.2% to 124 billion dollars in 2021, against 113.55 billion dollars in 2020. Although the health crisis has forced the Moroccan economy to a regression in 2020, “the response of the Moroccan government to the crisis has been appropriate, and the ambitious reforms implemented could pave the way for a solid recovery,” the World Bank stressed.

In addition, the Moroccan government has put in place a plan to support economic recovery and employment. Thus, $ 13.5 billion was provided in the form of corporate credit guarantees and financing for a Strategic Investment Fund recently set up to help investment projects and companies in need of funds to improve their business.

In the Forbes Middle East 2021 list, the first place in the African economy will be occupied by Nigeria with a GDP of nearly 514 billion dollars. Next come Egypt, South Africa and Algeria.

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